the SMALL exchange

The primary goal of the Small Exchange is to bring more participants to the futures markets by offering products that are easy to understand and trade, thereby bridging the gap between retail traders and institutional investors.

Individual traders looking to trade on the Small Exchange must first have a relationship with a registered Clearing Member either directly or through an intermediary. Organizations and institutional traders can connect to the exchange through direct market access or via an independent software vendor. Direct access participants must also first certify with the exchange before they can begin trading.

The Small Exchange differentiates itself by focusing on individual investors, offering smaller-sized contracts, lower membership fees, and a proprietary matching engine that allows for improved and streamlined trading processes.

The Small Exchange is regulated by the Commodity Futures Trading Commission (CFTC) and collaborates with established partners such as the Options Clearing Corporation (OCC) to ensure market integrity. It also features a proprietary risk management system to enhance security.

While the Small Exchange offers competitive trading costs, user experiences highlight significant non-trading fees, particularly high withdrawal costs, which could impact profitability, especially for casual traders or those with limited capital.